Pre-Budget Discussions and the Big Questions this Year
Pakistan’s pre-budget season raises a familiar yet unresolved contradiction: a country struggling to raise revenue, while its citizens feel taxed at every step of daily life. With a heavily informal economy, layered taxation, and shrinking fiscal space under debt and IMF constraints, Budget 2026–27 is unlikely to bring structural change. Instead, the real question remains who is actually being taxed, and why does the burden continue to fall on those already within the system?








